Redemption
The repayment of bonds prior to their maturity date.
bond-basics
Call Provisions
Provisions in a Bond that permit or require an Issuer to prepay or redeem Bonds before the stated Maturity Date. Such provisions are found in an Indenture or the Bond Resolution under “Redemption.”
See Also
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Hundreds of Terms and Concepts
Special Assessment
A charge imposed against properties in a designated district in respect of special benefits received by those properties from the construction of nearby or adjacent public improvements, separate and apart from the general benefit accruing to the public at large.